4706 N Monticello

Chicago, IL 60625

The Property is being offered as a condominium deconversion opportunity under Section 15 of the Illinois Condominium Act. All the units are renter-occupied and 100% of the owners have agreed to a full condo deconversion. The 4-unit condo building is comprised of two, 1Bd/1Ba +Den and two, 2Bd/1Ba units. Since being converted into condos in 2006, the units have received varying levels of updates such as stainless steel appliances, granite countertops, and new bathroom vanities. Furthermore, the building has been very well-maintained by the current association. Please see page 7 for a list of recent capital improvements. Located off of Lawrence Ave., the Property is less than half a mile from the Kimball Brown Line CTA station and 1.5 miles from I-94. The location provides tenants easy access to the numerous shops and restaurants along Lawrence Ave. and Pulaski Rd. 4706 N Monticello offers a new owner the opportunity to acquire a well-maintained asset in a phenomenal location. Current rents are below market allowing a new owner the potential to realize increases in returns with minimal work.